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The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This
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The new secondary art NFT marketplace by Sotheby’s also pays royalties from sales directly to the artists, from payments made by collectors. Sotheby’s has launched an on-chain non-fungible token (NFT) marketplace that facilitates the sale of secondary digital art items. According to Decrypt, the New York-based auction house now supports secondary NFT sales, allowing
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Midjourney, Stability AI and DeviantArt issued a response on April 18 to a group of artists who accused them of extensive copyright infringement. The artists claimed that these companies had used their work in generative artificial intelligence (AI) systems without proper authorization.The companies filed their motions in a San Francisco
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The importance of building communities cannot be underestimated in the rapidly changing art world, driven by technology and the explosion of nonfungible tokens (NFTs) in the last two years. An audience is a social media following, but a community is a group of people working toward a common goal.Art market
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Titled "Moonbirds: Diamond Exhibition," the collection is available exclusively to Moonbirds holders that reached "Diamond Nest" status by staking their NFTs. The collection is slated to be released on April 27 and will also coincide with two live events, including Beeple's LIVE Everyday party at NFT NYC this week along
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In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem.Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa
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My background is in economics, which was my first love, and with Ethereum [that] was sort of realizing how we can use it for payments and rethinking our financial systems. Art was more like a side hobby and a surprising consequence of my interest in crypto. I didn't expect that
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Since the release of The Register’s article, multiple people told CoinDesk they suspect that some scammers posing as victims have tried to infiltrate the victims’ Telegram group to collect information on what they know and which authorities they’ve spoken to, causing more distrust among members who already have lost a
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“No other industry was affected by piracy like music was in the early 2000s,” Guerrero said, explaining that royalty payments suffered as streaming and torrent services gained popularity. “Musicians are already fighting for royalties of any use of music independent of Web3, but some big voices in the space are
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